Upload
luke-flowers
View
215
Download
0
Embed Size (px)
Citation preview
Aims…
• Further detail to factors that influence a businesses’ decision to locate
• Reinforce key factors…
Using your post-it notesBy yourself…
Write down a key theory/concept that you can remember from last lesson…
Share these with a partner…
What do you agree on?What’s different?
Share these another pair…
What do you agree on?What’s different?
Video clip
• Working lunch series 15 : 8 location _ hairdresser
• When you watch this ….. Think about…
• What were the key factors that influenced the entrepreneur’s choice of location?
When choosing a location for your business, there are a number of important factors to consider:
• Will the location be accessible to your potential clients? Is there parking nearby?
• Is there a significant amount of foot traffic passing by your business?
• Are you near a Metro station, bus stop or major intersection?
When choosing a location for your business, there are a number of important factors to consider:
• Is the space zoned for your type of business (i.e., industrial, residential, commercial or mixed-use)?
• Will you have loading bays? Elevators?These are both in Dorking!
When choosing a location for your business, there are a number of important factors to consider:
• Is the price right?
• What other amenities are included?
• Will you have to build to suit or will the landlord outfit the space or provide funds for tenant improvements?
When choosing a location for your business, there are a number of important factors to consider:
• Do you want to operate your business from home?
• If so, will the savings associated with running a home-based business allow you more money for your business?
• Will you be able to reach your clients and customers?
• Will you be able to run your type of business from home?
Working from home
• Read article & answer 3 questions at the end.
1. Define what is meant by a “start-up”.
2. Identify three different cost savings that a home-based business can enjoy compared with an office-based business.
3. Outline the main factors that would determine when a home based business might need to move out to larger premises.
Questions…. Use your whiteboard….???
• List 3 types of businesses where it is essential to be based close to the customer.
Questions…. Use your whiteboard….???
• List 3 types of businesses where it is essential to be based close to their resources.
Questions…. Use your whiteboard….???
• List 3 types of businesses where location is not an important consideration!
Questions…. Use your whiteboard….???
• Why might a business want to locate near to its competitors?
A r
ow
of
rest
au
ran
ts
An evaluation style question…
• Discuss the main consequences of getting the wrong location when starting up a business. (15 marks)
• What issues would you use in this essay question?
• Think back to the hotel HWK…
The Questions for class discussion….
• Q1 – show calculations to prove least cost site!• Q2 - Technology – look at the 2nd row in the table!
The Questions requiring written answers….
• Q5 – you need to calculate the total cost for both locations and the total revenue for the projected membership numbers.
• What are the profit potential if the gym’s reached full capacity?
The Questions requiring written answers….
• Q7 – you need to look at the strengths and weaknesses of each location. Include both qualitative and quantitative factors.
• You need to then justify which location you would advise Wladek to choose!